Mirae Asset Securities Launches Overseas Stock Investment Platform WellsTech Service

Mirae Asset Securities announced on the 2nd that it has launched a Wealth Tech service that allows users to easily create their own investment strategies and invest in U.S.-listed stocks and exchange-traded funds (ETFs) through its Mobile Trading System (MTS) starting from the 1st of this month.

The Wealth Tech service is the second AI-based asset allocation investment solution following the retirement pension robo-advisor service launched in September 2022. It is a portfolio trading service that enables users to create an EMP (ETF Managed Portfolio) or strategy index reflecting their own investment strategies and execute batch trades easily.

Mirae Asset Securities emphasized that, while the service shares similarities with 'Direct Indexing,' where individual stocks are the main investment targets, it focuses on serving as an investment platform that guides users toward global diversification by providing a basic index (Wealth Tech index) composed of various themed ETFs.

Of course, if customers wish, they can also compose their own index with individual stocks.

The AI weighting recommendation feature is a solution developed with Mirae Asset Securities’ proprietary technology, based on risk (volatility) management, index calculation, and performance simulation engines. When users select up to 20 ETFs or stocks of interest, the system proposes recommended investment weights for each asset using three methods: ▲ lowering volatility ▲ risk diversification ▲ maximizing diversification, and provides comparative analysis of past investment performance according to each method.

Additionally, users are offered the option to create and publish their own indices. Among the publicly set indices, a daily Top 100 index will be selected and announced through an index ranking board. The overall ranking considers returns, volatility, maximum drawdown, and number of followers comprehensively, and an evaluation algorithm has been implemented to ensure that indices demonstrating excellent long-term risk-adjusted returns rank higher.

Linked with the index rankings, a follow feature is also provided, allowing users to reference investment indices created by others. Users can follow indices published on the ranking board, save them in their own index library, and monitor changes. When the original index is updated, followers receive notifications to assist in their investment decision-making.

Customers using Mirae Asset Securities’ MTS M-Stock can access the index creation and AI weighting recommendation services immediately after logging in without any separate application process. As part of an open event, users can save up to 20 indices and observe simulated investment returns. In the future, the number of indices each user can create will be limited, but until the end of the year, no additional service fees will be charged beyond overseas stock trading commissions.

This content was produced with the assistance of AI translation services.